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Norske Skog Canada began negotiations in late March for the possible acquisition of Pacifica Papers Inc., a C$858 million British Columbia groundwood publication paper producer. Norske Canada, which is 50.8%-owned by the world's second-largest newsprint producer, Norske Skog, is the largest producer of lightweight printing papers in western North America.
Top executives for both Vancouver companies said neither would be commenting further "unless warranted by new developments," and they cautioned that the talks underway don't necessarily guarantee …